Diplomacy in ruins as G7 meets on Iran

The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders’ Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty Images The war in Iran will present the G7 countries with one of the…

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A diplomacy tightrope for Britain’s Starmer after Trump’s tirades

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch British diplomats have long prided themselves on the so-called “special relationship” with the United States. The phrase was coined by Winston Churchill, Britain’s inspirational wartime leader, when in March 1946 he famously described how an “iron curtain” had descended across…

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Reeves must raise tax and cut spending, markets say

Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Finance Minister Rachel Reeves is walking a tightrope as her critical Autumn Budget looms, as pressure mounts to appease voters, shore up public finances and convince money markets…

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